For several years now, debt has been a major issue for many Americans. People with severe debt problems are considering bankruptcy, which might be the best option for you, depending upon your financial situation. In this difficult California economy, thousands of families and individuals in the state are enduring debt problems never before heard of, and they don’t know what their best options are. Thankfully, we can help!
If you need a “fresh start” because you’re drowning in debt, the Law Offices of Lady Justice can provide top notch bankruptcy assistance. Having an experienced bankruptcy attorney review your debt problems can help you find what the best debt solution is for your situation. For example, debt settlement, chapter 7 bankruptcy, chapter 13 bankruptcy and debt consolidation are all potential options that might work to solve your debt problems. Whether you’re dealing with massive credit card debt, medical bills or student loans, our bankruptcy lawyer team can help analyze your entire financial portfolio.
Few Americans believe a “fresh start” is a real possibility, but the bankruptcy attorney team at the Law Offices of Lady Justice has seen countless people overcome their debt problems. Whether your goal is to improve your credit score, or to simply eliminate as much debt as quickly as possible, our bankruptcy attorney team can provide top notch analysis and advice.
Whether you have questions about debt settlement, or you need a bankruptcy lawyer to help you file for Chapter 7 or Chapter 13 Bankruptcy, contact us today to speak with our Bankruptcy Attorney team. Call us at 888-LADY-121 or send us an e-mail ContactUs@LawOfficesOfLadyJustice.com.
A California Bankruptcy Attorney can help you file for different types of bankruptcy, which gives you a fresh financial start if you’re burdened by debt problems. People file for Chapter 7 and Chapter 13 bankruptcy for a number of reasons, including – job loss, major medical illness, divorce, death of a family member, excessive credit card debt and much more.
Any Bankruptcy Lawyer will tell you that filing for Bankruptcy is a serious decision. However, filing for bankruptcy has the benefit of stopping all enforcement actions, including:
Bankruptcy can give you the time to work out solutions to your debt problems.
There are two main types of Bankruptcy for consumers, Chapter 7 and Chapter 13. Chapter 7 Bankruptcy (also known as liquidation) allows people in California to be excused from most debts in return for giving up property to creditors. This law does allow you to keep necessary property, such as your home, car and other vital personal property if you and your Bankruptcy Lawyer plan properly. In Chapter 13 Bankruptcy (also known as payment plan bankruptcy) you plan affordable monthly payments for three to five years to pay back some or all of your debts. Depending upon the plan you work out with your Bankruptcy Attorney and the Bankruptcy Court, it could be less than three to five years.
Many of these times are estimates, however it takes 30 to 45 days from the time you file for bankruptcy in California until the time you have a Creditor’s Meeting. After that, you will receive what’s known as a “discharge order” roughly three months later in the Chapter 7 proceeding if there are no objections. Chapter 13 takes three to five years depending upon the payment you choose.
The following occurs at a Creditor’s Meeting – your California Bankruptcy Attorney and yourself meet with the court appointed trustee as well as any creditors who choose to attend (very often no one does). You meet to go over the bankruptcy situation under oath. The trustee looks through your finances to see whether he/she can get money for the creditors in your case.
No, you won’t. California bankruptcy laws allow for you to keep quite a few assets. However, depending on whether or not you go through Chapter 7 or Chapter 13 Bankruptcy, you may have to relinquish some assets.
No. In Chapter 7 Bankruptcy, if there is zero equity in the house, the trustee will not bother to attempt to sell your home to pay off your creditors.
There are two types of debt, secured debt and unsecured debt. All unsecured debt – credit cards, medical bills, etc. – can be eliminated. Secured debts will have to be reviewed, but most secured debts can also be eliminated or decreased substantially.
As a Bankruptcy is a serious situation, any consumer thinking of it should first consult a skilled California Bankruptcy Attorney. However, the myth that your credit will be ruined for up to a decade is not accurate. Your financial situation will be analyzed by the Bankruptcy Lawyer team at the Law Offices of Lady Justice, and the exact nature of the impact will then be assessed.
The court filing fee is $299 for Chapter 7 and $274 for Chapter 13. The attorney’s fee is regulated by the court. Our office offers a free, no obligation consultation. Our Bankruptcy Lawyer team can work with any financial situation.
In addition to calling us today at 888-LADY-121, we need your to give us a complete breakdown of your financial situation.
NOTE: The answers to the FAQs are intended for an average person such as yourself. The facts in your situation may be different and lead to a different outcome.
You will be treated with the dignity and respect that you deserve from the very first phone call.
Disclaimer: The Law Offices of Lady Justice is a professional law corporation that represents clients all over Southern California. The information contained on this website is not to be construed as legal advice. It is not intended to solicit or form an attorney-client relationship. We do not guarantee any result and prior results do not guarantee a similar outcome. This is an attorney advertisement and this website is for informational purposes only.